Twitter (TWTR) reported earnings on Tue 26 Oct 21 (a/h)

 ** charts after earnings **

Twitter reports Q3 (Sep) results, revs in-line; guides Q4 revs in-line

• Reports Q3 (Sep) loss of $0.54 per share, may not be comparable to the S&P Capital IQ Consensus of $0.18; revenues rose 37.1% year/year to $1.28 bln vs the $1.28 bln S&P Capital IQ Consensus.
  • Average monetizable daily active usage (mDAU) was 211 million for Q3, compared to 187 million in the same period of the previous year and 206 million in the previous quarter.
  • Average US mDAU was 37 million for Q3, compared to 36 million in the same period of the previous year and 37 million in the previous quarter.
  • Average international mDAU was 174 million for Q3, compared to 152 million in the same period of the previous year and 169 million in the previous quarter.
• Co issues in-line guidance for Q4, sees Q4 revs of $1.5-$1.6 bln vs. $1.58 bln S&P Capital IQ Consensus.
  • "...we do not expect to recoup the total revenue loss associated with the sale of MoPub in 2022, which is estimated to be between $200 and $250 million. Despite some expected 2022 revenue loss, there are no changes to our goal of generating $7.5 billion or more of annual revenue in 2023 with an increased focus and additional resources working on increasing our market share within the ~$150 billion and growing addressable market for ads on our website and apps."
  • GAAP operating income is expected to be between $130 million and $180 million.
  • Capital expenditures are expected to be between $85 million and $135 million.
  • Stock-based compensation expense is expected to be approximately $175 million.

Earnings this week : Oct 25 - 29, 2021 (wk 43)

 

Monday, October 25: Kimberly-Clark (NYSE:KMB), Facebook (FB) and Universal Health (NYSE:UHS).

Tuesday, October 26: UPS (NYSE:UPS), General Electric (NYSE:GE), Lockheed Martin (NYSE:LMT), Alphabet (GOOG), Microsoft (MSFT), Twitter (NYSE:TWTR), F5 Networks (NASDAQ:FFIV), Hasbro (NASDAQ:HAS), Visa (NYSE:V), Robinhood Markets (NASDAQ:HOOD) and AMD (NASDAQ:AMD).

Wednesday, October 27: FISV, Boeing (NYSE:BA), Coca-Cola (NYSE:KO), Kraft-Heinz (NASDAQ:KHC), McDonald's (NYSE:MCD), eBay (NASDAQ:EBAY), Ford (NYSE:F) and General Motors (NYSE:GM).

• Afternoon: AFL AEM AGI ALGN ALGT ALSN NLY AM AR ACGL ASGN AZPN AVB AXS NTB BHE BMRN BOOT BCOV CACI CG CCS CHX CHDN CINF CNO CDE CTSH FIX CYH CNMD CLB CONE DRE EBAY EW ESI EHC ENSG EQT EQC ETD RE EVTC EXR FLEX FLS F FORM FWRD GSHD THG PI NGVT ISBC INVH IRBT JBT KRC KLAC KN LC MXL MTH MEOH MAA MKSI MC MOH MSA MUSA MYRG NTGR NDLS ORLY OII PGRE PEGA PDM PPC PLXS PPD RJF SIGI SCI NOW SIMO SNBR SSB SAVE SRI TDOC TROX TTMI TWLO TYL UCTT URI UPWK VICI WCN WOLF WH XLNX YUMC

Thursday, October 28: Anheuser-Busch InBev (NYSE:BUD), Caterpillar (NYSE:CAT), Merck (NYSE:MRK), MasterCard (NYSE:MA), Apple (AAPL), Atlassian (NASDAQ:TEAM), Amazon (AMZN), Altria Group (NYSE:MO), Hershey (NYSE:HSY), Comcast (NASDAQ:CMCSA), Keurig Dr Pepper (NASDAQ:KDP) and Starbucks (NASDAQ:SBUX).

• Morning: FLWS AOS ABMD AGCO ATI ALGM ADS AB ALNY MO AEP AMT BUD AVNT BAX BPMC BC CRS CARR CAT CBZ CBRE CHKP CLVT CMS CNX COLB CMCO CMCSA COR CFR DBD EXP EME FCN THRM GPI HSY HBAN IDA ITW IMAX INSM ITGR ICE JHG KBR KDP KEX LH TREE LECO LIN LKQ MA MDC MPW MD MRK MDP TAP MCO COOP NEM NLSN NOC NVCR NVT OSK OSIS OSTK PATK PTEN PBF BTU PRFT PRLB PACK RLGY RS RGEN RDS.A SAIA SNY SNDR SHOP SIRI SWI SAH SMP SWK STM TROW TFX TPX TXT TW TRS VLY VC WST WEX WLTW WNS XEL YUM
• Afternoon: ACHC AMZN ABCB AAPL ATR AJG TEAM AVTR AVT AX BIO CPT CDNA CWST CHE COHU COLM OFC CUZ DVA DECK DXCM DRQ EMN EIG ENVA EXPO FHI FE FTV FTAI FTDR GLPI GILD LOPE HIG HTGC HTH HUBG KMPR KNSL LMAT LPLA LTC MGRC MERC MMSI MSTR MHK MPWR NATI NXGN OPK PEB POLY POWI PTCT RNST RSG RMD SGEN SPNE SKX SKYW SM SPSC SSNC STAG SBUX SYK TEX TXRH X VRSN VCRA WRE WERN WDC AUY ZEN

Friday, October 29: Exxon Mobil (NYSE:XOM), AbbVie (NYSE:ABBV), Church & Dwight (NYSE:CHD), Chevron (NYSE:CVX), Colgate-Palmolive (NYSE:CL) and L3Harris Technologies (NYSE:LHX).

• Morning: ABBV AON ABR B BAH CCJ CRI CBOE CERN CHTR CVX CHD CL XOM FTS GWW HUN IMGN IMO LAZ LYB NWL PSX PSXP PNM POR PFS RCL SJR SHLX SLCA WPC WY WETF

This week's biggest % winners & losers : Oct 21 - 25, 19 (wk 43)

The following are this week's top percentage gainers and losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top % gainers

• Healthcare: BIIB (288.04 +30.89%), RIGL (2.1 +28.44%), ANIK (73.36 +26.77%), DVAX (5.01 +22.79%), LXRX (3.87 +20.94%)
• Industrials: UFPI (50.26 +21.55%)
• Consumer Discretionary: PETS (25.81 +32.77%), TSLA (328.13 +27.7%), BJRI (43.35 +23.93%), PDD (40.84 +22.35%), STMP (92.01 +21.75%)
• Information Technology: TWTR(30.30  -22.29%) CISN (10.09 +20.26%), FSCT (30.59 +20.2%)
• Financials: ONDK (4.46 +25.99%)
• Energy: QEP (3.65 +34.69%), TK (5.53 +29.21%), CHK (1.56 +20.93%)

This week's top % losers

• Healthcare: OPK (1.44 -31.26%), TXMD (2.84 -22.51%), VCRA (19.12 -20.96%), MGNX (8.71 -20.82%)
• Industrials: REZI (9.36 -36.37%), GVA (26.25 -25.64%), TNET (50.31 -16.5%)
• Consumer Discretionary: SERV (42.2 -23.94%), HAS (96.01 -21.28%), SIX (43.16 -16%)
• Information Technology: NOK (3.78 -27.31%), CTS (27.89 -16.99%), NTGR (26.55 -16.59%), MXL (18.73 -16.31%)
• Utilities: PCG (5.00 -35.57%)

=Twitter (TWTR) reported earnings on Thur 24 Oct 19 (b/o)

 Twitter misses by $0.06, misses on revs; guides Q4 below consensus

Reports Q3 (Sep) earnings of $0.14 per share, excluding non-recurring items, $0.06 worse than the S&P Capital IQ Consensus of $0.20; revenues rose 8.7% year/year to $824 mln vs the $875.21 mln S&P Capital IQ Consensus. 

• Performance was impacted by revenue product issues and greater-than-expected seasonality. In Q3 we discovered, and took steps to remediate, bugs that primarily affected our legacy Mobile Application Promotion (MAP) product, impacting our ability to target ads and share data with measurement and ad partners. We also discovered that certain personalization and data settings were not operating as expected. We believe that, in aggregate, these issues reduced year-over-year revenue growth by 3 or more points in Q3.
• We also experienced greater-than-expected seasonality in our advertising business that began in July and continued into August. We believe our core value propositions of launching something new and connecting with what's happening on Twitter continue to resonate very strongly with advertisers, and that slower business over the summer was due to a relatively lighter slate of big events and launches in July and August compared to 2018. We were pleased that year-over-year ad revenue growth rebounded to double digits globally in September, with the most pronounced recovery in the US. Operating income of $44 mln vs. $45-80 mln reflects lower-than-expected revenue and no significant changes to our ongoing investments.
• Average monetizable daily active usage (mDAU) was 145 mln vs 142 mln ests, compared to 124 million in the same period of the previous year and compared to 139 million in the previous quarter. Average US mDAU was 30 million, compared to 26 million in the same period of the previous year and compared to 29 million in the previous quarter. Average international mDAU was 115 million, compared to 98 million in the same period of the previous year and compared to 110 million in the previous quarter.

Co issues downside guidance for Q4, sees Q4 revs of $940-1010 mln vs. $1.05 bln S&P Capital IQ Consensus. Operating income to be between $130-170 mln vs. $207 mln ests. 

=Twitter (TWTR) reported earnings on Thur 25 Oct 2018 (b/o)

Twitter beats by $0.07, beats on revs, MAU miss; guides Q4 EBITDA towards high end of estimates

• Reports Q3 (Sep) earnings of $0.21 per share, $0.07 better than the S&P Capital IQ Consensus of $0.14; revenues rose 28.5% year/year to $758 mln vs the $700.75 mln S&P Capital IQ Consensus. Advertising revenue totaled $650 million, an increase of 29% year-over-year. Total ad engagements increased 50% year-over-year. Cost per engagement (CPE) decreased 14% year-over-year. Data licensing and other revenue totaled $108 million, an increase of 25% year-over-year. US revenue totaled $423 million, an increase of 28% year-over-year. International revenue totaled $335 million, an increase of 30% year-over-year.
• Average daily active users (DAU) increased 9% year-over-year, compared to 14% in the same period of the previous year and compared to 11% in the previous quarter.
• Average monthly active users (MAU) were 326 million for Q3 vs. 329-331M guidance, compared to 330 million in the same period of the previous year and compared to 335 million in the previous quarter, impacted by a number of factors including: GDPR, decisions we have made to prioritize the health of the platform and not move to paid SMS carrier relationships in certain markets, as well as a product change that reduced automated usage and a technical issue that temporarily reduced the number of notifications sent.
• Sees Q4 Adjusted EBITDA to be between $320 million and $340 million

This week's biggest % winners & losers : July 23 - 27, 18 (wk 30)

The following are this week's top 20 percentage gainers and top 20 percentage losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top 20 % gainers

• Healthcare: LPNT (64.65 +34.97%), ANIK (40.05 +17%), CYH (3.12 +15.13%), HCA (124.15 +14.95%)
• Materials: HCLP (15.25 +40.55%), CSTM (12.85 +19.53%), SID (2.45 +15.02%)
• Industrials: JBT (114.75 +18.73%)
• Consumer Discretionary: BPI (12.43 +63.98%), STON (4.25 +19.05%)
• Information Technology: GRUB (131 +17.03%), GLW (33.54 +15.18%), AMD (18.94 +14.79%), LSCC (7.67 +14.65%)
• Financials: SUPV (13.58 +18.91%)
• Energy: INT (27.05 +25.81%), TGS (16.45 +14.95%)
• Consumer Staples: SVU (32.07 +55.6%)
• Telecommunication Services: NIHD (5.41 +45.43%)

This week's top 20 % losers

• Healthcare: ACIU (9.42 -42.14%), MGLN (72 -21.65%), ENTA (96 -21.53%), NVAX (1.17 -18.18%), EDIT (29.7 -18.07%)
• Materials: NGD (1.26 -33.68%)
• Industrials: NLSN (22.36 -25.14%), ASTE (48.27 -21.35%)
• Consumer Discretionary: MHK (183.06 -18.36%)
• Information Technology: LOGM (77.85 -28.64%), TWTR (34.12 -21.42%), EIGI (8.43 -18.2%), BHE (24.15 -17.72%)
• Financials: VIRT (21.4 -18.16%), ENVA (31.5 -17.65%)
• Energy: AMID (6.6 -41.07%)
• Consumer Staples: UNFI (32.51 -24.76%)

Twitter (TWTR) reported earnings on Fri 27 July 2018 (b/o)

** charts before earnings **

  

** charts after earnings **

  

Twitter beats by $0.01, beats on revs; guides Q3 Adj-EBITDA below estimates, cautions on MAUs 

• Reports Q2 (Jun) earnings of $0.17 per share, excluding non-recurring items, $0.01 better thanthe Capital IQ Consensus of $0.16; revenues rose 23.8% year/year to $710.54 mln vs the $697.35 mln Capital IQ Consensus.
• Adjusted EBITDA for Q2 was $265 million, or 37% of total revenue, vs. estimates for $261 mln. The co continues to expect full year adjusted EBITDA margin expansion in 2018 due to the significant margin expansion they delivered in the first half of the year. As the co continues to grow its headcount toward the year-end target of 10-15%, the co expects operating expense base to continue to grow in Q3 and again in Q4.
• Overall growth in engagement was driven by a combination of organic growth, marketing, and product improvements. DAU grew 11% year-over-year in Q2, with double-digit growth in five out of the co's top 10 global markets, demonstrating another quarter of broad-based growth. Average MAUs were 335 million for Q2, an increase of 9 million year-over-year and a decrease of 1 million quarter-over-quarter, reflecting impact from decisions the co has made to prioritize the health of the platform, to not move to paid SMS carrier relationships in certain markets and, to a lesser extent, GDPR. In aggregate, these factors reduced MAU by more than 3 million in Q2. Average US MAUs were 68 million for Q2, compared to 68 million in the same period of the previous year and compared to 69 million in the previous quarter. Average international MAUs were 267 million for Q2, compared to 258 million in the same period of the previous year and compared to 267 million in the previous quarter. The co's DAU/MAU ratio remains well below 50%.
• Additional Commentary:
  • As we began 2018, we made deliberate decisions to allocate product and engineering resources that had previously been focused on product improvements designed to deliver growth in audience and engagement to projects related to preparing for GDPR and broader platform health. This prioritization impacts growth in the near term, but we are confident that this is in the best long-term interest of the platform and will enable long-term growth as we improve the health of the public conversation on Twitter and over time reallocate teams from GDPR to other priorities and hire additional product and engineering resources.
  • We may also choose to not move to paid SMS carrier relationships in certain markets where we believe we can deliver a better Twitter experience with Twitter or Twitter Lite. While the magnitude of any potential future impact is difficult to predict, DAU will not be affected because DAU only includes accounts on our owned and operated services such as the Twitter app and twitter.com.
  • As a result of our health work, decisions not to renew or move to paid SMS carrier relationships in certain markets, and our decision to allocate resources towards GDPR and health, MAU could decline on a sequential basis in Q3. Based on our current level of visibility, we expect the decline to be mid-single-digit millions of MAU. As a reminder, DAU growth continues to be the best measure of our success in driving the use of Twitter as a daily utility.
• Sees Q3 Adj-EBITDA of $215-235 mln vs. estimates for ~$268 mln; Adjusted EBITDA margin to be between 33% and 34%

Earnings this week : July 23 - 27, 2018 (wk 30)

This week marks the first of three very heavy weeks of earnings reports -- roughly 1/3 of the S&P 500 will report quarterly results.

Monday (July 23)

• Morning: ITW HAL PHG HAS LII
• Afternoon: GOOG GOOGL AMTD CDNS STLD ZION WHR

Tuesday (July 24)

• Morning: VZ MMM UTX LLY LMT BIIB SHW KMB CNC PCAR IQV DGX WAT EDU TRU WAB
• Afternoon: T TXN SYK CB EQR AMP WCN TSS CSGP IEX WRB RHI TER CSL MKSI  USNA

Wednesday (July 25)

• Morning: UMC BA KO UPS TMO NEE ANTM GD NOC GM BSX NSC HCA WM AEP TEL SIRI SRE TROW APH FCAU HLT GLW FCX IR ROK DTE HES LH STM CHKP S GRUB USG SIX TRVG IMAX  OC  TUP

• Afternoon: FB V PYPL GILD QCOM MDLZ LVS VRTX F SU NOW ALGN ORLY XLNX MHK AMD EFX CTXS FTI RJF PKG UHS VAR AEM FFIV SNBR ECHO

  DRE TMK AGNC GGG SUI MEOH KRC EHC DLB KNX MPWR MAT CW TRN KEX CHE CLB AXS LSTR CLGX ASGN STAY FR CUZ MSA NGVT CVRR JBT CCMP ESV LM QEP ESRT PEB OII DDR ARI ALGT DRQ ROIC QTS FOE MTH FWRD BEAT FCPT CDE KRA WPG EIG TILE FARO ETH ANIK SFS SB AXTI BPI ABX GG CCJ

Thursday (July 26)

• Morning: RDS.A MA CMCSA MCD AUO MO BMY COP AZN CELG AGN RTN CME SPGI PX VLO MMC BAX KDP APD MPC SPOT LUV ALXN ROP MPLX MCK AAL CVE DHI LLL YNDX MLCO NLSN UAA PHM ALK ALKS RS HP XRX WWE DNKN B SAVE ALLY OAK CPG  AAN    NGD   

     XEL TAL IP PCG NEM HSY ABMD TECK AAL  EQT KKR CNHI MLM CMS YNDX LEA ODFL IVZ  LKQ LDOS TSCO BWA UAA PHM ALLE ICLR AXTA WST CFR  KIM EQM LAZ NOK NRZ ORI FAF BC UTHR CRI ENTG GRA EME VLY ADNT FCFS PAG SPB ARD BMS UBSI COR RDN VC PRLB PTEN SYNT NVCR  PENN COLB DLX TREE AB TPX VLP  FCN GWB NTCT AXE TSEM MNRO MINI CWT THRM PATK 

• Afternoon: LOGM  AUY  AMZN INTC AMGN SBUX EA AFL EW LRCX FTV DFS DLR WDC EIX EXPE HIG VRSN MXIM NOV TEAM CMG JNPR COLM PFPT FSLR BYD RARE FHB SAM NCR ISBC ELLI DECK SKYW BOFI EGHT IMPV ABAX MATW FIX MSTR 

Friday (July 27)

• Morning: GT  VIRT   XOM CVX MRK ABBV CL PSX AON MCO TWTR WY SYF ZBH

This week's biggest % winners & losers : Feb 5 - 9, 18 (wk 6)

The following are this week's top 20 percentage gainers and top 20 percentage losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top 20 % gainers

• Healthcare: ATRA (41.70 +26.17%), ARRY (17.15 +15.26%), TBPH (28.15 +14.06%), ENSG (25.69 +14.03%), BCRX (4.95 +13.79%)
• Materials: NAK (1.05 +22.22%)
• Consumer Discretionary: LTRPA (10.05 +18.24%), FOSL (8.47 +13.24%), TRIP (38.58 +12.31%)
• Information Technology: INFN (9.41 +45.44%), LITE (57.4 +27.98%), TWTR (31.51 +21.57%), GRUB (85.54 +21.08%), UIS (9.9 +18.56%), FN (29.53 +18.12%), PRO (31.83 +14.54%), OCLR (6.75 +13.36%)
• Financials: VIRT (28.15 +45.1%), SQQQ (20.45 +12.98%)
• Energy: REI (15.13 +16.12%)

This week's top 20 % losers

• Healthcare: CORT (14.73 -37.21%), PRTA (28.58 -27.83%), NLNK (6.87 -18.7%)
• Materials: KLDX (1.57 -19.49%)
• Consumer Discretionary: IRBT (58.16 -34.37%)
• Information Technology: MTSI (19.01 -37.69%), NQ (2.02 -35.46%), EXTR (10.66 -25.45%), ICHR (21.54 -24.42%), JKS (17.18 -19.98%), IPHI (24.51 -18.3%), MANH (41.5 -18.15%)
• Financials: CBOE (107.19 -20.4%)
• Energy: FET (11.75 -28.13%), NS (24.29 -24.66%), PTEN (18.01 -21.85%), SPN (8.32 -19.77%), NGL (12.75 -19.05%), DNR (1.86 -18.42%)

Twitter (TWTR) reported earnings on Thur 8 Feb 2018 (b/o)

** charts before earnings **

  

** charts after earnings **

  

Twitter beats by $0.05, beats on revs; Achieved GAAP profitability for first time ever 

• Reports Q4 (Dec) earnings of $0.19 per share, excluding non-recurring items, $0.05 better than the Capital IQ Consensus of $0.14; revenues rose 2.0% year/year to $731.6 mln vs the $686.12 mln Capital IQ Consensus.
  • Advertising revenue totaled $644 million, an increase of 1% year-over-year.
  • O&O advertising revenue totaled $593 million, an increase of 7% year-over-year.
  • Data licensing and other revenue totaled $87 million, an increase of 10% year-over-year. o US revenue totaled $406 million, a decrease of 8% year-over-year.
  • International revenue totaled $326 million, an increase of 17% year-over-year.
  • Total ad engagements were up 75% year-over-year.
  • Cost per engagement (CPE) was down 42% year-over-year.
• Q4 adjusted EBITDA of $308 million, an increase of 43% year-over-year, representing an adjusted EBITDA margin of 42%, highest adjusted EBITDA margin to date and within long-term target range of 40-45%.

Users:

• Average monthly active usage (MAU) was 330 million for Q4, an increase of 4% year-over-year and flat compared to the previous quarter.
• Daily active usage grew 12% year-over-year.

Achieved GAAP profitability for the first time and delivered highest ever GAAP net income, adjusted EBITDA, and adjusted EBITDA margins in Q4. GAAP net income in Q4 reached $91 million with adjusted EBITDA of $308 million.

Outlook

• Q1:
  • Adjusted EBITDA to be between $185 million and $205 million;
  • Adjusted EBITDA margin to be between 33% and 34%;
  • Stock-based compensation expense to be in the range of $100 million to $110 million.
• FY2018:
  • Stock-based compensation expense to be in the range of $350 million to $450 million;
  • Capital expenditures to be between $375 million and $450 million.

This week's biggest % winners & losers : Oct. 23 - 27, 17 (wk 43)

The following are this week's top 20 percentage gainers and top 20 percentage losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top 20 % gainers

• Healthcare: ALGN (235.94 +17.45%), AIMT (29.88 +16.45%)
• Materials: VHI (4 +19.05%), KRA (48.47 +15.43%)
• Industrials: ECHO (23.85 +23.26%), FIX (42.45 +16.78%), FCN (42.4 +15.09%)
• Consumer Discretionary: IMAX (24.9 +16.9%), BWLD (124.5 +15.44%)
• Information Technology: TWTR (21.68 +21.32%), FSLR (57.67 +20.83%), NQ (4.07 +19.01%), STM (23.29 +16.92%), LN (41.92 +14.91%), GRUB (60.02 +14.67%), POWI (84.35 +14.37%)
• Financials: GCAP (7.35 +19.51%), TREE (266.4 +18.98%)
• Telecommunication Services: IRDM (12.7 +14.41%)
• Utilities: DYN (11.22 +21.17%)

This week's top 20 % losers

• Healthcare: ACHC (33.25 -25.2%), ENDP (5.88 -23.83%), LMAT (31.26 -19.87%), CELG (98.17 -19.09%), CHRS (11.1 -18.98%), OMER (15.46 -18.42%)
• Materials: EGO (1.29 -40.55%)
• Industrials: ESND (9.86 -24.15%), HA (33.9 -18.51%)
• Consumer Discretionary: ENT (2.56 -20.4%), TAL (28.01 -19.77%), EXPE (123.79 -18.99%), LEXEA (46.15 -18.33%)
• Information Technology: TRVG (7.57 -30.49%), EFII (29.75 -30.13%), UCTT (24.28 -26.38%), AXE (68.9 -21.7%), NOK (4.91 -19.24%)
• Energy: OII (19.04 -23.26%)
• Telecommunication Services: I (4.77 -25.47%)

=Twitter (TWTR) reported earnings on Thur 26 Oct 2017 (b/o)

Twitter beats by $0.04, reports revs in-line

• Reports Q3 (Sep) earnings of $0.10 per share, $0.04 better than the Capital IQ Consensus of $0.06; revenues fell 4.2% year/year to $590 mln vs the $586.22 mln Capital IQ Consensus.
  • Adjusted EBITDA was $207 million or 35% of total revenue, compared to $181 million or 29% of total revenue in the same period last year.
• Average MAU was 330 million for the quarter, up 4% year-over-year. Average DAU grew 14% year-over-year, an increase from 12% year-over-year growth in the prior quarter and marking the fourth consecutive quarter of double-digit growth.
• Outlook
  • Adjusted EBITDA to be between $220 million and $240 million
  • Adjusted EBITDA margin to be between 35% and 36%
  • Capital expenditures to be no more than $110 million
  • Stock-based compensation expense to be in the range of $90 to $100 million
  • Also expect that at the high end of our adjusted EBITDA range, we will likely be GAAP profitable.
• "We're pleased with the improvements made toward a return to revenue growth this quarter," said Ned Segal, Twitter's CFO. "Our momentum was driven by improved execution from our sales team, strength in video and direct response ad formats, as well as in our data business, where we saw our third consecutive quarter of accelerating year-over-year growth. We also achieved record profitability in Q3, with a sequential improvement in our GAAP net margin and record adjusted EBITDA margins, reflecting improved prioritization and disciplined execution across our strategic priorities."

=Twitter (TWTR) reported earnings on Thur 27 July 2017 (b/o)

Twitter beats by $0.03, beats on revs; Beats on EBITDA:

• Reports Q2 (Jun) earnings of $0.08 per share, excluding non-recurring items, $0.03 better than the Capital IQ Consensus of $0.05; revenues fell 4.7% year/year to $574 mln vs the $536.63 mln Capital IQ Consensus.
• Adjusted EBITDA was $178 million (Guidance was $95-115 mln) or 31% of total revenue, compared to $175 million or 29% of total revenue in the second quarter of 2016.
• Average MAU was 328 million for the quarter, up 5% y/y and compared to 328 million in the previous quarter.
• Average DAU grew 12% y/y.
• Q3 Outlook
  • Adjusted EBITDA to be between $130 million and $150 million;
  • Adjusted EBITDA margin to be between 25% and 26%;
  • Stock-based compensation to be between $100 million and $110 million.
• FY17 Outlook
  • Total non-GAAP expenses to be down 3% to down 6%, compared to full year 2016 (Prior Flat to down 5%)
  • Stock-based compensation to be down 25% to down 30%, compared to full year 2016 (Prior guidance Down 20-25%)
  • Capital expenditures to be between $300 million and $400 million (Reaffirm)

=Twitter (TWTR) reported earnings on Thur 9 Feb 2017 (b/o)

Twitter beats by $0.04, misses on revs; issues disappointing guidance :

• Reports Q4 (Dec) earnings of $0.16 per share, excluding non-recurring items, $0.04 better than the Capital IQ Consensus of $0.12; revenues rose 0.9% year/year to $717 mln vs the $738.74 mln Capital IQ Consensus.
• Revenue Breakdown
  • Advertising revenue totaled $638 million, down slightly year-over-year.
  • Mobile advertising revenue was 89% of total advertising revenue.
  • Data licensing and other revenue totaled $79 million, an increase of 14% year-over-year.
  • US revenue totaled $440 million, a decrease of 5% year-over-year.
  • International revenue totaled $277 million, an increase of 12% year-over-year.  
• Total ad engagements were up 151% year-over-year.
• Cost per engagement (CPE) was down 60% year-over-year. 
• Q4 adjusted EBITDA of $215 million, up 12% year-over-year, representing an adjusted EBITDA margin of 30%, versus 27% in 2015.
• Average monthly active users (MAUs) were 319 million for Q4, up 4% year-over-year and compared to 317 million in the previous quarter.
  • Average US MAUs were 67 million for Q4, up 3% year-over-year and flat compared to 67 million in the previous quarter.  
  • Average international MAUs were 252 million for Q4, up 5% year-over-year and compared to 250 million in the previous quarter.
  • Mobile MAUs represented 83% of total MAUs.
• DAU grew 11% year-over-year, an acceleration from 7% in Q3'16, 5% in Q2'16, and 3% in Q1'16.

Guidance

• Expect advertising revenue growth to continue to lag that of audience growth in 2017. Advertising revenue growth may be further impacted by escalating competition for digital ad spending and the re-evaluation of our revenue product feature portfolio, which could result in the de-emphasis of certain product features.
• Q1
  • Adjusted EBITDA to be between $75 million and $95 million, well below expectations;
  • Adjusted EBITDA margin to be between 17% and 17.5%
  • SBC to be between $125 and $135 million.
• FY17
  • Total non-GAAP expenses to be flat to down 5%, compared to full year 2016;  
  • SBC to be down 15% to 20%, compared to full year 2016;
  • Capital expenditures to be between $300 and $400 million.

=Twitter (TWTR) reported earnings on Tue 26 Jul 2016 (a/h)

Twitter reported its revenue rose 20% to $602 million in the second quarter, its smallest gain and eighth-straight period of declining growth.

The social-media company further warned that demand from advertisers, its main source of revenue, is softer than expected, hurting its outlook for the third quarter.

Twitter’s user growth continues to show little signs of life. The company added 3 million net new users in the most recent three-month period, up just 1% from the previous quarter, giving it 313 million users who log in at least once a month.

All told, Twitter has added just 9 million users—and only 1 million users in the U.S.—since Mr. Dorsey’s return in July 2015. Facebook Inc., by contrast, has added more than 164 million monthly users in that time frame.

=Twitter (TWTR) reported Q1 earnings on Tue 26 Apr 2016 (a/h)

Twitter beats by $0.05, misses on revs; guides Q2 revs below consensus; Reaffirms FY16 EBITDA Margin guidance :

• Reports Q1 (Mar) earnings of $0.15 per share, $0.05 better than the Capital IQ Consensus of $0.10; revenues rose 36.5% year/year to $595 mln vs the $607.55 mln Capital IQ Consensus.
  • MAUs comes in at 310 mln, street expectations were for 308 mln
  • Advertising revenue totaled $531 million, an increase of 37% year-over-year. Excluding the impact of year-over-year changes in foreign exchange rates, advertising revenue would have increased 39%.
    • Mobile advertising revenue was 88% of total advertising revenue.
  • Data licensing and other revenue totaled $64 million, an increase of 34% year-over-year.
  • U.S. revenue totaled $390 million, an increase of 35% year-over-year.
  • International revenue totaled $204 million, an increase of 39% year-over-year. Excluding the impact of year-over-year changes in foreign exchange rates, international revenue would have increased 46%.
• Co issues downside guidance for Q2, sees Q2 revs of $590-610 mln vs. $677.39 mln Capital IQ Consensus Estimate; Adjusted EBITDA is expected to be in the range of $145-155 mln.
• Co reaffirms FY16 Capital expenditures guidance to be $300 to $425 million; Adjusted EBITDA margin in the range of 25-27%.

Q: MU vs TWTR vs XLNX

daily charts

Twitter (TWTR) reports earnings Thur 5 Feb 2015 a/h

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